MIRA
INFORM REPORT
|
Report Date : |
04.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
CROWN LIFTERS PRIVATE LIMITED |
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Registered
Office : |
104, Raheja Plaza, Shah Industrial Estate, Veera Desai Road, Andheri
[West], Mumbai – 400053, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
27.12.2002 |
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Com. Reg. No.: |
11-138439 |
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Capital
Investment / Paid-up Capital : |
Rs. 5.100 Millions |
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CIN No.: [Company Identification
No.] |
U74210MH2002PTC138439 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
They give cranes on rent. |
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No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. Management has witnessed a dip in its revenue as well as has reported
a loss from its operations during FY 14. However, trade relations seem to be fair. Business is active. Payment
terms are reported as slow but correct. The company can be considered for business dealings with caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks over
coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would take
a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term rating: “BB+” (Suspended) |
|
Rating Explanation |
Moderate risk of default regarding timely
servicing of financial obligations |
|
Date |
January, 2012 |
Reason for suspension: The rating has been suspended as a result of the subject being failed to provide requisite information to the rating agency.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Nizar Nooruddin Rajwani |
|
Designation : |
Director |
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Contact No.: |
91-9820386096 |
|
Date : |
03.12.2014 |
LOCATIONS
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Registered Office : |
104, Raheja Plaza, Shah Industrial Estate, Veera Desai Road, Andheri
[West], Mumbai – 400053, Maharashtra, India |
|
Tel. No. : |
91-22-26742122/ 2829/ 22237418 |
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Mobile No. : |
91-9820386096 (Mr. Nizar Nooruddin Rajwani) |
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Fax No. : |
91-22-26741819 |
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E-Mail : |
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Website : |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Karim Kamruddin Jaria |
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Designation : |
Managing Director |
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Address : |
901/ B, Yari Road, Bianca Hiranandani Housing Society, Versova Andheri
(West), Mumbai - 400061, Maharashtra, India |
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Date of Birth/Age : |
29.05.1975 |
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Date of Appointment : |
01.08.2010 |
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DIN No. : |
00200320 |
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Other Directorship :
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Name : |
Nizar Nooruddin Rajwani |
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Designation : |
Director |
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Address : |
802/B, Yari Road, Bianca Hiranandani Housing Society, Versova Andheri
(West), Mumbai - 400061, Maharashtra, India |
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Date of Birth/Age : |
30.08.1979 |
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Date of Appointment : |
14.09.2012 |
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DIN No. : |
03312143 |
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Other Directorship :
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Name : |
Hanif Hussain Jaria |
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Designation : |
Director |
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Address : |
801/B, Yari Road, Bianca Hiranandani Housing Society, Versova Andheri
(West), Mumbai - 400061, Maharashtra, India |
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Date of Birth/Age : |
26.07.1984 |
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Date of Appointment : |
14.09.2012 |
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DIN No. : |
03312135 |
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Other Directorship :
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Name : |
Mr. Siraj Virji Jaria |
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Designation : |
Director |
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Address : |
301, B Wing, Yari Road, Bianca Hiranandani Housing Society, Versova
Andheri (West), Mumbai - 400061, Maharashtra, India |
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Date of Birth/Age : |
06.03.1961 |
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Date of Appointment : |
27.12.2002 |
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DIN No. : |
01595890 |
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Other Directorship :
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Name : |
Mr. Asif Jaria Hussain |
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Designation : |
Director |
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Address : |
801/B, Yari Road, Bianca Hiranandani Housing Society, Versova Andheri
(West), Mumbai - 400061, Maharashtra, India |
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Date of Birth/Age : |
17.05.1986 |
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Date of Appointment : |
01.04.2013 |
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DIN No. : |
05142619 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Karim Kamruddin Jaria |
15300 |
30.00 |
|
Kamruddin Virji Jaria |
5100 |
10.00 |
|
Hussain Virji Jaria |
5100 |
10.00 |
|
Siraj Virji Jaria |
10200 |
20.00 |
|
Nuruddin Savji Rajwani |
5100 |
10.00 |
|
Nizar Nooruddin Rajwani |
5100 |
10.00 |
|
Asif Hussain jaria |
2550 |
5.00 |
|
Hanif Hussain Jaria |
2550 |
5.00 |
|
Total |
51000 |
100.00 |
As on 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
They give cranes on rent. |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
60 (Approximately) |
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Bankers : |
·
Development Credit Bank Limited, 601
and 602, Peninsula Business Park, 6th Floor, Tower A, Senapati Bapat Marg,
Lowr Parel, Mumbai - 400013, Maharashtra, India HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg,
Lower Parel W, Mumbai, Maharashtra - 400013, India |
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Facilities : |
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Financial Institution : |
· L & T Finance Limited, L&T House, Ballard Estate, Mumbai - 400001, Maharashtra, India Tata Capital Financial Services Limited, One Forbes, Dr.
V. B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India |
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Auditors : |
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Name : |
Deepal M.Rana Chartered Accountants |
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Address : |
56A, Shreenath Bhawan Ground Floor, 1st Khattar Lane Thakurdwar, Mumbai – 400002, Maharashtra, India |
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Tel. No. : |
91-22-23812360/ 61/ 23896484/ 23880951 |
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Mobile No. : |
91-9820124704 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AGJPR3737J |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
51,000 |
Equity Shares |
Rs.100/- each |
Rs. 5.100 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
51,000 |
Equity Shares |
Rs.100/- each |
Rs. 5.100 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
5.100 |
5.100 |
5.100 |
|
(b) Reserves & Surplus |
151.265 |
152.322 |
138.190 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
156.365 |
157.422 |
143.290 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
232.082 |
203.776 |
207.050 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
232.082 |
203.776 |
207.050 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
35.339 |
1.239 |
|
(b) Trade payables |
16.002 |
26.621 |
34.727 |
|
(c) Other current
liabilities |
75.928 |
69.980 |
71.949 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.008 |
|
Total Current Liabilities (4) |
91.930 |
131.940 |
107.923 |
|
|
|
|
|
|
TOTAL |
480.377 |
493.138 |
458.263 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
296.699 |
308.109 |
337.640 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
70.646 |
47.227 |
15.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
8.321 |
5.752 |
2.834 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
375.666 |
361.088 |
355.474 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.250 |
0.000 |
0.000 |
|
(c) Trade receivables |
47.802 |
77.166 |
65.463 |
|
(d) Cash and cash
equivalents |
42.287 |
36.108 |
21.137 |
|
(e) Short-term loans and
advances |
14.355 |
17.184 |
16.155 |
|
(f) Other current assets |
0.017 |
1.592 |
0.034 |
|
Total Current Assets |
104.711 |
132.050 |
102.789 |
|
|
|
|
|
|
TOTAL |
480.377 |
493.138 |
458.263 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
144.014 |
225.967 |
204.347 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
75.062 |
134.299 |
90.467 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
68.952 |
91.668 |
113.880 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
24.233 |
31.015 |
30.611 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
44.719 |
60.653 |
83.269 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
44.492 |
46.634 |
38.511 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
0.227 |
14.019 |
44.758 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.284 |
(0.113) |
(1.797) |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
(1.057) |
14.132 |
46.555 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
152.322 |
138.190 |
91.635 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
151.265 |
152.322 |
138.190 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Goods |
0.000 |
28.862 |
0.000 |
|
|
|
Equipments |
0.000 |
41.498 |
173.932 |
|
|
TOTAL IMPORTS |
0.000 |
70.360 |
173.932 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(21.00) |
277.00 |
913.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.06 |
3.18 |
10.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.09 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.48 |
1.52 |
1.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14 |
1.00 |
0.95 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
5.100 |
5.100 |
5.100 |
|
Reserves & Surplus |
138.190 |
152.322 |
151.265 |
|
Net
worth |
143.290 |
157.422 |
156.365 |
|
|
|
|
|
|
long-term borrowings |
207.050 |
203.776 |
232.082 |
|
Short term borrowings |
1.239 |
35.339 |
0.000 |
|
Total
borrowings |
208.289 |
239.115 |
232.082 |
|
Debt/Equity
ratio |
1.454 |
1.519 |
1.484 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
204.347 |
225.967 |
144.014 |
|
|
|
10.580 |
-36.268 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
204.347 |
225.967 |
144.014 |
|
Profit |
46.555 |
14.132 |
(1.057) |
|
|
22.78% |
6.25% |
(0.73%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10480081 |
31/01/2014 |
49,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B97392054 |
|
2 |
10480132 |
31/01/2014 |
49,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B97412373 |
|
3 |
10454767 |
30/09/2013 |
60,000,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES, DR. V.
B. GANDHI MARG, FORT, MUMBAI, |
B87439030 |
|
4 |
10452670 |
12/09/2013 |
50,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B86503299 |
|
5 |
10434332 |
03/05/2013 |
27,500,000.00 |
L & T FINANCE LIMITED |
L&T HOUSE,
BALLARD ESTATE, MUMBAI, MAHARASHTRA |
B78504396 |
|
6 |
10425137 |
29/04/2013 |
30,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B74938127 |
|
7 |
10425140 |
15/03/2013 |
29,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B74938952 |
|
8 |
10411291 |
05/03/2013 |
16,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B70610514 |
|
9 |
10412630 |
08/02/2013 |
13,750,000.00 |
L & T FINANCE LIMITED |
L&T HOUSE,, BALLARD
ESTATE,, MUMBAI, MAHARASHTRA |
B71065700 |
|
10 |
10301875 |
30/06/2011 |
75,000,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA |
B18690750 |
|
11 |
10066628 |
30/05/2014 * |
25,000,000.00 |
DCB BANK LIMITED |
601 & 602,
PENINSULA BUSINESS PARK, 6TH FLOOR, TOWER A, SENAPATI BAPAT MARG, LOWER
PAREL, MUMBAI, |
C06116305 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Related Parties |
24.710 |
39.475 |
|
Total |
24.710 |
39.475 |
FIXED ASSETS
Tangible Assets
· Plant and machinery
Office
equipment
Vehicle
Furniture
Fixtures
Computer
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.89 |
|
|
1 |
Rs.96.83 |
|
Euro |
1 |
Rs.76.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.